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Facebook Is Now Worth $190 Billion

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fluffydelusions

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Facebook is worth more than Amazon. Following yesterday’s earnings report, Facebook shares hit an all-time high in after-hours trading at $75. Price has been very stable this morning as well, confirming yesterday’s pop. Shares opened at $75.96 a share, then set a new record at $76.74. Now, shares are trading at $75.13.

In other words, Facebook’s market capitalization is now around $190 billion, above Amazon’s market capitalization of $165 billion.

With $2.91 billion in revenue and earnings of $0.42 per share, the company beat the analysts’ expectations. When you see Facebook’s earnings chart, it seems like there is no end in sight. Facebook is a great example of a tech company that has performed very well since going public.

It could have bigger consequences on the stock market. Investors could become bullish on other tech stocks due to Facebook’s good performance.

Facebook is a much different company than it was when it went public in May 2012. At the time, most of its users were browsing the social network on their laptops, and the company’s ad offering wasn’t as effective as it could be. Now, most users go to Facebook on their phones, and the mobile ads are performing very well.

But if you look back even further, nobody would have thought five years ago that Facebook would be worth more than Amazon, around half of Google and Microsoft. One last number, Facebook is now worth more than eight times Twitter.
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http://techcrunch.com/2014/07/24/facebook-is-now-worth-190-billion/
 
It's probably worth buying Facebook shares... this doesn't seem like a company that'll be going away - like Google they have plans to diversify into some future vision of the world that animates their purpose...
 
thelatestmodel said:
Because it's just a giant database of personal information. That is all it is at this point.
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And that shit pays

Id love to have a look at their metrics profiles and some data on likes and dislikes over the years. Must be amazing the kind of pooling information you could aggregate from all of it.
 
Bit shocking to me. My friends and I are falling off. I used to check it daily, now it's only when I get a message or an invite. And my students when I student taught weren't really using it either.
 
it seriously used to be a good website. Its utter shit now. browsing on mobile...you can see like 2 statuses..then an ad...2 statuses..ad. Its like a good portion of ads and shit now.
 
Einbroch said:
Bit shocking to me. My friends and I are falling off. I used to check it daily, now it's only when I get a message or an invite. And my students when I student taught weren't really using it either.
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I barely touch it nowadays too but the database is still worth alot. People are just giving up information like nothing on there
 
I feel like it's becoming less popular as time goes on, but I'm guessing the money it brings in is nearly pure profit, so it's worth will only grow
 
Currently at 1.28 billion active monthly users. More than half of Earth's Internet users are on Facebook, according to businessinsider.com.
 
Sinfamy said:
Every day I hope FB becomes the next MySpace, every day I'm saddened when it doesn't.
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I don't get this sentiment. Facebook is an excellent way for a lot of people to keep in contact with friends and family all over the world. Just because you may not use it for those reasons, why wish it to fail?
 
Holy crap, people that got in on the ground floor on that IPO must be dancing.
And those that got in when it bottomed out must be buying yachts out of joy
 
Sinfamy said:
Every day I hope FB becomes the next MySpace, every day I'm saddened when it doesn't.
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That ship has long sailed. Facebook will never become the next MySpace. It's too diversified at this point.

They've continued to grow the site, and no real competition has emerged. More importantly, however, they've gone on a purchasing spree - Instagram, WhatsApp, Oculus, etc.

They essentially control the world of social media.
 
Worth
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Can someone explain to me how this economic model works? I never see any ads on facebook so how does it make any money? I'm probably being completely naive but I'm genuinely curious.
 
Well, having countless millions voluntarily give up their privacy and then selling on that information to third parties either through better targeted advertisement on Facebook itself or otherwise is a fantastic business model, so I'm not surprised.
 
fertygo said:
Even if you hate FB, what's the alternative? Twitter aren't the same thing.
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There is no alternative to Facebook because it is not needed. The current trend among teenagers now is to use separate services with separate friends lists for sharing different things. Instagram for images, Twitter for short quick text, Tumblr for longer thoughts. Each service has their own account with its own friends/followers list.

Think of how most people on GAF have a friends list on PSN, Xbox Live or Steam completely separate from their Facebook friends list. You probably don't want to share your gaming achievements on Facebook because not all your Facebook friends care about that. Maybe you even hate those damn game invites for the latest pay2win browser game. This is why separated services are becoming popular. Facebook's goal to become the all-in-one social network does not work and is not what most people want.
 
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